Quick charity verification for Reading Room Inc (EIN: 113727613)
Verdict: Reading Room Inc shows mixed signals
60/100Mission Score
$11KRevenue
$53Assets
2Red Flags
2Strengths
Red Flags
Extremely low assets ($53) indicating no financial reserves.
Very low revenue ($10,757) suggesting limited operational capacity.
Strengths
Likely low overhead due to small scale and limited financial activity.
Potential for direct impact if funds are primarily used for programs.
Spending Breakdown
How Reading Room Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Reading Room Inc
Is Reading Room Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reading Room Inc (EIN: 113727613) shows mixed signals. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
Is Reading Room Inc a good charity to donate to?
Reading Room Inc has a Mission Score of 60/100. Revenue: $11K. Assets: $53. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Reading Room Inc?
The Employer Identification Number (EIN) for Reading Room Inc is 113727613. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Reading Room Inc spend its money?
Reading Room Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Reading Room Inc's tax-exempt status?
You can verify Reading Room Inc's tax-exempt status using EIN 113727613 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Reading Room Inc. appears to be a very small organization with limited financial activity. With total revenue of only $10,757 and assets of $53, its operational scale is minimal. The lack of detailed spending breakdowns in the provided data makes a thorough assessment of spending efficiency challenging. Given its size, it's likely that most activities are volunteer-driven or have very low overhead. Transparency is difficult to fully assess without more detailed financial statements, but the overall financial footprint suggests a very localized or nascent operation.
Without information on program expenses, administrative costs, or fundraising efforts, it's impossible to determine spending efficiency ratios. The extremely low asset base indicates that the organization does not hold significant reserves or property. This financial profile suggests that Reading Room Inc. operates on a very tight budget, potentially relying heavily on immediate contributions to cover any expenses. Further analysis would require more granular financial data to understand how its limited funds are allocated and whether they align with its stated mission.